Business Standard

A first in 10 years: Aditya Birla group slips into red as Voda Idea bleeds

Group firms make combined losses of Rs 6,134 cr in FY19, but excluding Voda Idea net profit was Rs 8,470 cr

Revenue to strategy, the rise and fall of Voda Idea: Explained in 4 charts

Krishna Kant Mumbai
For the first time in at least a decade, Aditya Birla group companies reported losses at the group level in FY19, thanks to Vodafone Idea. The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago. 

The trend was similar during the first quarter of FY20, with group companies reporting a combined loss of Rs 3,329 crore during April-June 2019 period against a net profit

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First Published: Aug 29 2019 | 9:13 PM IST

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